Savers have been hit by a double blow to their pensions. Last night the Treasury U-turned on a promise to allow retired savers to cash in their annuities. Meanwhile, politicians are being lobbied heavily to hack back pension tax relief for middle-class workers who are in their 30s and older.
THIS IS MONEY'S SIX OF THE BEST
ASK TONY: Axa won't pay out for the family holiday we couldn't take after my husband found out he had cancer
I booked a family holiday to celebrate my 70th birthday but was forced to cancel it a few weeks later because my husband was diagnosed with incurable stomach cancer. My insurer, Axa, was very sympathetic and told me I'd be able to claim for the whole trip. I provided evidence and when I phoned I was told everything was fine.
DON'T MISS
- British savers in crisis: Nest-eggs shrink as inflation rises to highest in two years And it's set to get worse.
- I'd have resigned if pensions were turned into Isas, says ex-Pensions Minister Ros Altmann She warns this 'red line' danger is still lurking.
- UK house prices leap by £17k on average in just one year... - and the East and South East of England see the biggest gains.
- Former Storage Hunter Jesse McClure gives his tips for finding gems at auction A coffee with... a bargain finder extraordinaire.
- Pump prices jump by 1.4% in biggest seven-day rise since 2011 Falling pound sends oil costs soaring.
- Netflix adds 3.2m new users in just three months thanks to original shows such as Stranger Things Share price to soar by 20%.
- Government vows to fight VW Group to compensate UK car owners affected by dieselgate scandal
- Fashion crisis costs the high street £700m Experts fear another big name may go bust
- Asking prices up £2,623 in just one month to hit £309,122... - but are you in a buyers' or sellers' market?
- Sales of super-luxury homes fall off a cliff as tax hikes and economic uncertainty take hold
- Home loans still mean a time-consuming paperwork nightmare, so how close can you get to a mortgage online?
- I'm an ex-civil servant who was 'contracted out' - can I pay a top-up to get full new state pension? Former Pensions Minister Steve Webb replies.
- Foreign collectors strike while the pound is weak to buy a bounty of British classic cars at auction... - including 10 Jaguar E-Types.
- Would it be fairer if everyone paid the same level of tax or should the rich pay more?
BUSINESS & MARKETS
FTSE LIVE: Footsie drops off after yesterday's gains as China posts solid GDP growth of 6.7% over last 3 months
The UK is set for another busy session on the data front, following yesterday's inflation numbers. UK unemployment and wages are expected to have held firm in the three months to August. On the markets there is further evidence of a slowdown in the London property market, after estate agent Foxtons said sales fell by a third to £12.2million, for the three months to the end of September.
SAVE MONEY, MAKE MONEY: OUR TIPS TO GET RICHER
- This is Money's five favourite best buy cash Isas for 2016
- Looking for a better bank? Five of the best current accounts
- Energy bills: Could you cut save by switching?
- Best credit cards for spending, holidays and rewards
- The best mortgage rates and should you fix?
- Ten tips for cheaper car insurance - and compare prices
- Best debit and credit cards for spending overseas
- The best and longest balance transfer credit cards
- Best (and cheapest) DIY investing Isa platforms
- Ten tips for buy-to-let and how to find a mortgage
MONEY NEWS & ADVICE
British savers in crisis: Nest-eggs shrink as inflation rises to highest in two years and is set to take off
The consumer prices index rate of inflation rose to 1.0 per cent from 0.6 per cent in August, meaning that savers need an account paying more than 1 per cent to earn a real return on their deposits. With only the very best easy access accounts paying just 1 per cent, and fixed rate accounts slightly more, most nest eggs around the country are now shrinking rapidly and the best deposit accounts are making a meagre, barely noticeable return.
How pensions work: Your essential guide to saving for a richer retirement
Making the most of a pension is your best chance of securing a decent income when you retire. After you finish working, how will you be able to afford to live if you don't plan ahead? The good news is that pensions have got much better and starting early can really pay off. We explain what you need to know.
A coffee with... a bargain finder extraordinaire: Former Storage Hunter Jesse McClure gives his tips for finding gems at auction
We speak to former Storage Hunter Jesse McClure who is about to launch a new UK TV show in the latest of our regular 'a coffee with...' series. The American reality TV star has been a huge hit in the UK, thanks to the US show on channel Dave in which he blindly bids on storage containers and its contents in the hope of finding hidden gems.
I'm an ex-civil servant who was 'contracted out' - can I pay a top-up to get full new state pension? Steve Webb replies
Former Pensions Minister Steve Webb is This Is Money's Agony Uncle. He is ready to answer your questions, whether you are still saving, in the process of stopping work, or juggling your finances in retirement. This week, he replies to a former civil servant who wants to pay more to 'contract in' and get a higher state pension.
MORE BUSINESS & MARKETS NEWS
Stars of the cult hit film Spinal Tap sue media giant Vivendi over £112m payday they never got
Co-writer Shearer, 72, who played bassist Derek Small in the film (pictured far left), now voices characters such as Ned Flanders and Principal Skinner in US cartoon series The Simpsons. He accused Vivendi of engaging in 'fuzzy' accounting through its subsidiaries Universal Music Group and Studio Canal.
YOUR MONEY ESSENTIALS
Foreign collectors strike while the pound is weak to buy a bounty of British classic cars at auction - including 10 Jaguar E-Types
H&H; Classics said its recent car auction at the Imperial War Museum 'brought in additional new foreign buying interest' as overseas investors jumped at the opportunity to buy. Among ten E-Types included in the sale, pictured, was a barn-find 1964 3.8-litre Jaguar E-Type Coupe, centre, that sold for double its estimate.
Would it be fairer if everyone paid the same level of tax or should the rich pay more?
In some societies, everyone has paid the same flat rate of tax. Meanwhile after World War II the richest paid a 90 per cent tax rate. So how do we decide how much tax the richest and poorest people should pay? On this episode of The Big Money Questions, professor of politics at New York University David Stasavage explains the three different systems that are considered by some to be fair. Where do you fit in the debate?
Marmitegate was just the beginning: Experts warn spat was 'thin edge of the wedge', so should investors stick with supermarkets and retail?
Supermarket giant Tesco scored a PR victory last week in the Marmitegate spat with consumer brands titan Unilever, but investors need to weigh up just how the falling pound will hit supermarkets and other retailers, say experts. While the weak pound is good for some, the flip side is pressure on import prices and there will be more spats like Marmitegate. So what does that mean for investors in retailers?
Email from the taxman is Gateway to disaster, finds TONY HETHERINGTON, as government refund proves a scam
Last year I received an email, apparently from Revenue & Customs, saying I was due a tax rebate of £193, and to receive it I had to set up a Government Gateway account on the internet. I did this, and finally received a refund cheque. This year the same thing happened, and I was told by email that I was owed £221.58, but this time no cheque has arrived. I tried phoning the tax office, but the person I spoke to said it never contacted people by email. It was therefore a scam.
TONY HETHERINGTON: Npower and debt collectors are chasing me for my husband's bills even after he left
My husband of 30 years left the marital home in 2013, leaving debts unpaid. Utility bills were all in his name, and in March that year I contacted all the companies and set up new accounts in my name. I have fought Npower ever since over his unpaid bills of £971 for electricity and £544 for gas. I endured Npower's complaints procedure, to no avail. Endless debt recovery firms have written to me, but have backed off when I have explained the facts.
How LOW can it go? The winners and losers in the pound crisis - and how to smooth its negative effects
Sterling has crashed to a 31-year low against the dollar. Sally Hamilton identifies the losers - and winners - from this currency crisis. Families heading abroad this half-term will feel the squeeze on their spending money. Most products will cost more. The higher prices in shops means the pound in your pocket - and interest on savings accounts - will be worth less. Michael Rimmer and Sophie Marchant (pictured) bought dollars for their holiday before the referendum.
JEFF PRESTRIDGE: Our pensions don't need any more tinkering
Over the past few days, we have learnt that a document has been circulating among Government Ministers arguing for a radical overhaul of pension tax breaks. Out would go the present system that gives the biggest tax breaks to higher and additional rate taxpayers who currently enjoy 40 and 45 per cent tax relief on contributions.
From bothies to yurts and posh sheds to treehouses: Can inventive garden hideaways add value to your property?
Although man-caves are considered a modern phenomenon, Tom Williams of YOUhome estate agency in Bournemouth believes they're nothing but a new spin on an old theme. 'In Edwardian times, the head of the household would have retired to the drawing room with a cigar and brandy,' he says. 'Today's stressed dads go to their man-cave with their iPads.'
MIDAS SHARE TIPS: Why cutting edge Spire Healthcare deserves a 'buy' treatment
From breast augmentation (£5,100), vasectomy reversal (£3,225) and gastric bands (£6,350) to eye bag removal (£2,600) and hip replacements (£13,276), there is a world of opportunity from Spire's growing list of off-the-shelf surgery to whet the interest of consumers and investors alike. Over the past 12 months, Spire has built the list of guide prices from a handful of options to 75 procedures from what some may frankly consider frivolous (facelift at £4,100 and nose job at £4,724) to the more serious.
Driving home an investment: Women are fuelling a classic car sales boom, says RAY MASSEY
The classic car market is now attracting younger, financially savvy women defying falling savings rates and plummeting annuity rates on their pension pots. Over the past two years, the number of female classic car owners has risen by 40 per cent, with female customers now accounting for 11 per cent of the market, says new research by classic car insurance broker Footman James.
My brother wants to force our elderly parents to tell him what's in their will - and change it if he's not happy. Can they keep it secret?
My eldest brother wants to see our parents' wills and mine to see what is left to him so he can plan for his future and make sure his children are ok. Both our parents are poorly and I'm their main carer. I still live at home and dropped my hours so I can do more for them. I do not have a pension so mum and dad have made sure that the house comes to me.My other brother is all for it but the other thinks he should get his share and if he didn't like what's in the will he wants to change it.
I was fined £100 for not insuring my motorhome but it's stored on my own property and not driven. Is this fair?
I have received a £100 fine for not having insurance on a motorhome I'm currently not using. I've been storing the vehicle on my property, in an off-road parking space with no intention to drive it for six months. I understood that human rights give you the right to enjoy your property without harassment, so why am I being fined for keeping a vehicle on my own land?
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The everyday supercar? We test the Porsche 911 Turbo
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Renault unveils their utterly breathtaking concept car TREZOR
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BMW Concept X2 makes it's world Premiere at Paris Motor Show
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Stunning reveal trailer of the new Mercedes-AMG GT C Roadster
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Ferrari revealed the absolutely beautiful 'LaFerrari Aperta'
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The beautiful Skoda Kodiaq premiere at Paris Motor Show 2016
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Introducing the new Suzuki IGNIS, promising to ignite your senses
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Revealing the more versatile second generation of the Audi Q5
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Unveiling the Citroën C3: The new Citroën offensive
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Volkswagen presents the I.D. electric car concept in Paris
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A tour of the new Mercedes-Benz Generation EQ showcar
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New Land Rover Discovery revealed on huge lego structure
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How Honda will build the new high-tech Civic in the UK
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The Harley-Davidson Forty-Eight put to the test
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Motorway middle-lane hogging explored in Confused.com film
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Take a sneak peek at the Aston Martin V12 Vantage S Coupe
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The new Porsche Panamera turns heads with split rear wing
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Style and space with all-new Kia Optima Sportswagon
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Exhibiting the Jaguar D-Type: 24 hours of Le Mans Champion
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Shelby Cobra CSX 2000: 'The shot heard round the world'
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Chris Hoy is back on two wheels but this time doing car stunts
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How a 1920s RAF base was transformed into a classic car hub
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Behind the scenes on what goes into making the LEGO Ford GT
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The original Peugeot 205 GTI advert from the 1980s
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Nissan disclose new BladeGlider electric sports car prototype
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Introducing the Car Park Hotel: A luxury stay for your car
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Jaguar Land Rover reveal what's inside it's 'world-class' HQ
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The new limited edition Vanquish Zagato, from Aston Martin
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Bentley uses NASA-derived tech to snap car from 700m away
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Fast and furious: Jaguar release F-Type SVR 200mph monster
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Land Rover stunt sees car haul a 100-tonne train for six miles
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How good is the Ford Mustang V8? We put it to the test
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New fuel: Honda cracks down pollution with fuel cell car
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What's it like to drive a Ford Capri 280?
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Take a look at the sleek new Audi TT RS Coupé and Roadster
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What's it like to design and collect a Rolls-Royce?
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Make it sparkle: Cleaning tips on how to prepare your car
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Take a look at the new Volkswagen Tiguan in action
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The new Jaguar F-Pace Diesel R-Sport in Italian racing red
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Mazda MX-5 RF features Transformer-like folding roof design
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Behind the wheel of the new Rolls-Royce Dawn
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Take a look at the new 200mph F-Type SVR Jaguar in action
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Hexagon show off iconic classic cars to promote showroom move
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The big reveal: How owners first see their new Rolls-Royce
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Sir Stirling Moss takes his Renault Twizy for a spin!
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Papa don't teach! Driving can come at a pulsating cost
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Near miss as Tesla autopilot tries to swerve into another car
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Sebastian Vettel paid Renault a visit to test drive the Twizy
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Land Rover completes world's first drive across PAPER bridge
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Can the Renault Kadjar compete with the Nissan Qashqai?
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British artist's full scale replica of the Nissan Juke
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Built for Bond: The Aston Martin DB10 for new film Spectre
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Red Ferrari 250GT SWB sells fir £6,600,000 at auction
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Tesla unveil radical Model X crossover with 'falcon wing doors'
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The Colton Collection Ferraris take to the country's roads
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Introducing the new Rolls Royce Dawn convertible
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Harry Kane tackles John Barnes in the 'Unbelievable' challenge
GUIDES: HOW TO SAVE MONEY AND MAKE MONEY
WHAT NEXT FOR YOUR MONEY?
50 ways to save money: Simple steps to cut what you spend that could clear your debts or seriously boost your savings
To clear the average national household debt of ?13,000 at 6% interest with a monthly repayment of ?100 will take around 17 years. There are, however, plenty of simple ways to make significant savings on your regular spending that could clear your debt - or boost your savings - in less than a year. This is Money's top 50 - updated - money-saving tips may appear light-hearted but are deadly serious.
Confused about 'hard' and 'soft' Brexit, the Norway model and the Swiss solution? This handy table explains the options for the UK's exit from the EU
Despite endless media coverage of the political wrangling and financial speculation, the average Briton can be forgiven for remaining confused about what 'soft' and 'hard' Brexit really mean. About the difference between the 'Norway model' for the UK's post-Brexit relationship with the UK and the 'Swiss solution'. But a clever table put together by HSBC in a report called 'Is Brexit Getting Harder?' cleaves some clarity from the murk.
What next for mortgage rates? More cuts arrive so should you fix now?
Several months after the Bank of England slashed the base rate to 0.25 per cent and lenders are still cutting mortgage rates on almost a weekly basis - but how low can they really go? The experts say not a lot lower and it's likely that if you get a mortgage at the moment, it's going to be a pretty cracking deal.
Ten tips for buy-to-let: the essential advice for property investors
For many buy-to-let looks an attractive income investment in a time of low rates and stock market volatility. Climbing house prices, rising rents and improving mortgage deals are tempting investors - although they will need a big deposit. Read This is Money's top ten buy-to-let tips
TIPS, TOOLS AND HELP FOR LANDLORDS
Guides and tools
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Buy-to-let rates and advice
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easyProperty.com
Find tenants - from £9.99
Best paid jobs 2015: Compare your salary to the national average in this league table of 350 professions - and see the year's winners and losers
Musicians have seen pay rises averaging nearly 20 per cent in 2015, while cleaners are getting 17.8 per cent more, and window cleaners 12.3 per cent. Artists in general are earning 14.6 per cent more in 2015 than 2014, according to the huge annual data dump of pay scales by the Office For National Statistics highlights.
ABOUT THIS IS MONEY
Premium Bonds winners
Prize value | Winning bond No. | Area |
---|---|---|
£1,000,000 | 276AV278339 | Essex |
£1,000,000 | 215XY865796 | Staffordshire |
£100,000 | 259ZN414297 | Dorset |
£100,000 | 141CJ661353 | Derbyshire |
£100,000 | 138HB024467 | Hampshire and Isle of Wight |
£50,000 | 2VR747799 | Greater Manchester |
£50,000 | 241QS845329 | Hertfordshire |
£50,000 | 206GW792012 | Sheffield |
£50,000 | 103WK587629 | Reading |
£25,000 | 92NE335986 | Overseas |
£25,000 | 86GW534216 | Cheshire West and Chester |
MOST READ MONEY
- First Direct offers the first £50,000 personal loan as the battle for borrowers heats up Largest unsecured loan on the market.
- Less than a third of parents save regularly for their children as money is often too tight to do so Research by Nationwide.
- Experts warn spat was 'thin edge of the wedge', so should investors stick with supermarkets and retail? Marmitegate was just the beginning.
- How Vodafone wants to charge this crane firm £53,000 to end its contract... - despite a year of woeful service.
- How to survive if you're waiting for broadband Lucy Sims: 'We had no internet and no mobile signal for seven weeks'.
- The winners and losers in the pound crisis - and how to smooth its negative effects How LOW can it go?
- Mini goes electric: Hybrid version of the upcoming Countryman revealed Its first plug-in car
- SIMON WATKINS 'The pound has crashed, we are poorer... it's that simple'
- 'I haven't got a pension because I do not want to be the fat cat' Big Issue founder John Bird on poverty and giving to charity
- MIDAS UPDATE: After a year of paper losses, shares in gas group CNR now show a 28% gain
- JEFF PRESTRIDGE: Our pensions don't need any more tinkering A document is circulating among Ministers arguing for a radical overhaul of pension tax breaks
- Compare peer-to-peer investments: The easy way to search for potentially higher returns Try our new tool
- Towns 'running out of money' due to bank closures Small businesses affected by closures received limited communication from their bank, report finds
- Why the falling pound helped your shares soar For every cent sterling has lost the FTSE has flown higher and higher
- Almost a third of over 60s still in work - and 40% of those are working full-time As much as 40 per cent work 36 hours or more per week, according to research
- Airlines braced for transatlantic price skirmish Fall in the pound pushes up the cost of fuel and other charges
- My brother wants to force our elderly parents to tell him what's in their will - and change it if he's not happy... Can they keep it secret?
- FIDELITY EUROPEAN VALUES: Forget Brexit and invest in solid European big names Manager Sam Morse is focused on dividends.
- Bank can 'let inflation go a bit' to protect economy from Brexit, says Carney... - but sterling will be a factor for interest rates
- Fidelity's bargain hunter Alex Wright: Why I'm backing Sports Direct... - and buying into companies with pension deficits.
- Hammond urged to boost spending on infrastructure as construction slump sparks recession fear
- Our landline stopped working so I can't contact my wife while I'm in hospital... Why won't TalkTalk fix it?
- Temptingly low two-year fixed mortgage rates may cost homeowners in the long run, broker warns
- Is it worth paying up to £364 to boost your credit score? Firm promises to give a glowing report to credit agencies if you pay up every month.
- I was fined £100 for not insuring my motorhome but it's stored on my own property and not driven. Is this right?
- Times are awful for savers with a best-buy rate at just 1% and the crunch will get worse... SIMON LAMBERT asks, how will you beat it?
- Five fool proof ways to lose money From believing you can get rich quick to never comparing costs.
- The unstoppable rise of the Uber economy A record 5.5m private firms now up and running in Britain.
- Consumers 'face epidemic of price hikes blamed on Brexit' following the row between Unilever and Tesco
- Will women, ethnic minorities and the self-employed get help to cope with a higher state pension age? Official report suggests some groups could get extra support.
- Why Mrs May MUST stand up for savers! Think creatively and don't just wait around for inflation to increase, says Alex Brummer.
- Brexit, stamp duty and the Bank of England fail to deter landlords Buy-to-let interest booms 30%.
- Ten bedroom home with two mews houses for staff goes up for sale in London's exclusive Belgravia - and it's yours for £30MILLION The grandest townhouse in Britain?
- Women lose in the money stakes, as they're half as likely to invest... - and a third have saved less than £500.
- Buyers return to property market for first time in seven months as supply crunch props up prices What next?
- The 5% savings rate trick: Best high interest-paying current accounts as rates are cut
- Interactive Investor squares up to Hargreaves Lansdown as it buys TD Direct, Second biggest DIY investing platform
- What is the most popular car colour? An 84% rise in brown vehicles, as we reveal the top ten
- Britain is now the cheapest place to buy designer labels following the fall in the pound Analysis by Deloitte.
- New plastic £5 note is selling for £65,000 on eBay - because it has AK47 in the serial number That's a lot of fivers for a fiver!
- Banks betray current account switchers Halifax, Lloyds and TSB follow Santander by slashing interest rates for millions
- Is the greatest threat to the euro flying under the radar? How a culture clash between Germany and France threatens to destabilise the currency.
- Rent hikes loom as more than a million landlords plan to beat tax crackdown
- Now you get just €0.88 for your holiday pound Yes, that's the shocking rate now as Sterling continues to slide over hard Brexit fears - so where CAN you find the best deals?
- Five future fund stars who could make you rich Could these be the next generation of Neil Woodfords?
- Building society takes current accounts off shelf Popular Norwich & Peterborough Classic Gold closed to new customers
- Tide of card scams and online attacks sends fraud losses soaring 25% to £400m in first half of 2016.
- ASK TONY Lloyds has been sending my cash to enter a prize draw for years - but it's disappeared
- Pound 'crisis' boosts stock market to record high but imported inflation could cost UK households dear... Winners and losers from sterling's fall.
- Who says students are lazy? The inspiring stories of the bright sparks funding uni by setting up businesses.
- Stand up for us against the scheming firms running our services, Mrs May! DAN HYDE.
- Big Six energy firms blocking cheap fuel deals for existing customers Pay up to £289 a year over the odds.
- Fixed-rate bonds continue to tumble with top one-year deal now paying just 1% And only Skipton BS is offering this rate.
STEVE WEBB ANSWERS YOUR PENSION QUESTIONS
- I am divorced - how much of my state pension could I lose if I remarry? Agony Uncle Steve Webb replies
- Why am I doubled-taxed with National Insurance when I worked and then income tax on my state pension?
- Government should stop assuming savers are earning 'unrealistic' interest rates like 6.9% when assessing benefits, says ex-Pensions Minister Steve Webb
- I'm in ill health but not claiming benefits - can I get NI credits towards a state pension?
- Should I cash in one of my pension pots to get shot of my mortgage?
- 'Triple lock' rises in the state pension will favour people getting new flat rate - how is this fair?
- Double blow for savers hit by pension reforms as Treasury U-turns on annuity promise and Hammond may axe tax...
- Now fight back against the great pension rip-off: Insurers DID mis-sell annuities.... Here's how to claim
- Think you have cover for dry rot? We did - then our neighbour called and it ended up costing us £15,000
- ASK TONY: Axa won't pay out for the family holiday we couldn't take after my husband found out he had cancer
- Households hit by a £240 power bill hike as GB Energy Supply increases gas and electricity by a third for...
- Ryanair's latest wheeze: Now passengers must pay £6 to check-in more than four days before a flight
- Hang on to your current account for the best returns as banks begin latest rate-cutting bloodbath
- Could you afford £1k a week care home fees? Our indispensable guide has all you need to know
- FTSE LIVE: Footsie stuck in the red as company earnings fail to impress and UK unemployment edges higher
- Foxtons revenues plunge 34% as Londoners' appetite for buying and selling homes dwindles
- Spain handed £150m deal to build steel parts for Britain's taxpayer-funded wind farms
- Tesco fights back against Aldi and Lidl: It won the Marmite war... now sales are rising
- Employment rate is still at a RECORD high of 74.5 per cent but jobless total creeps up
- ALEX BRUMMER: Put William Hague back in his box and keep the Bank of England out of politics
- British savers in crisis: Nest-eggs shrink as inflation rises to highest in two years and is set to take off
- Ryanair's latest wheeze: Now passengers must pay £6 to check-in more than four days before a flight
- Think you have cover for dry rot? We did - then our neighbour called and it ended up costing us £15,000
- ASK TONY: Axa won't pay out for the family holiday we couldn't take after my husband found out he had cancer
- Foreign collectors strike while the pound is weak to buy a bounty of British classic cars at auction - including 10 Jaguar E-Types
- Double blow for savers hit by pension reforms as Treasury U-turns on annuity promise and Hammond may axe tax breaks
- Now fight back against the great pension rip-off: Insurers DID mis-sell annuities.... Here's how to claim
- Hang on to your current account for the best returns as banks begin latest rate-cutting bloodbath
- British savers in crisis: Nest-eggs shrink as inflation rises to highest in two years and is set to take off
- Could you afford £1k a week care home fees? Our indispensable guide has all you need to know
- Government vows to fight VW Group to compensate UK car owners affected by dieselgate scandal
- Could you fall prey to a contactless conman? How thieves can take money from your card as you're walking down the street
- A coffee with… a bargain finder extraordinaire: Former Storage Hunter Jesse McClure gives his tips for finding gems at auction
- Netflix adds 3.2m new users in just three months thanks to original shows such as Stranger Things, helping its share price to soar by 20%
- Savers stuck with poor pension incomes after government scraps plan to let retirees sell annuities
- UK house prices leap by £17k on average in just one year - and the East and South East of England see the biggest gains
- MOST READ IN DETAIL
START-UP SECRETS
- Jacqueline Gold's: I defied a board who said women didn't care about sex
- Apprentice winner Joseph Valente: 'People have to like you to back your idea'
- Dawn O'Porter: 'I had to make people understand I was not just some floozy off the telly'
- Former Dragon Hilary Devey: 'The bank manager was a misogynist, frankly. He patted me on the head, said I had no chance':
- Sarah Willingham: 'For a Dragon, it's about the individual more than the business'
- Charles Tyrwhitt'sNick Wheeler: 'I founded it with £100k profit from selling an Aston Martin'
- Aldo Zilli: 'My restaurant business wouldn't be standing if it weren't for Wham'
- Pimlico Plumbers' Charlie Mullins: 'Borrowing from the bank almost sent me bust'
- Sarah Beeny: 'You need to look for the next big thing, not the thing that's big now':
- City Superwoman Nicola Horlick: 'The one-word answer that would make me hire you'
MIDAS SHARE TIPS
- MIDAS SHARE TIPS: Why cutting edge Spire Healthcare deserves a 'buy' treatment
- MIDAS SHARE TIPS UPDATE: After a year of paper losses, shares in gas group CNR now show a 28% gain
- MIDAS SHARE TIPS: As the markets totter, luxury footwear brand Jimmy Choo is on a sound footing
- MIDAS TIPS UPDATE: Share price has slimmed down a little - but OptiBiotix's profile is set to expand
- MIDAS SHARE TIPS: Uranium miner Berkeley Energia promises us a brighter future
- MIDAS SHARE TIPS: Wind blows in right direction for renewable energy supplier Good Energy
- MIDAS SHARE TIPS UPDATE: Strong performance from sports supplement firm SiS... but shares still need a boost
- MIDAS SHARE TIPS: Franchise Brands boss is hoping to repeat the Domino's effect
- MIDAS SHARE TIPS UPDATE: Hummingbird may start to sing after it snaps up Mali mine
- MIDAS SHARE TIPS: Biotech group Redx Pharma shares are in doldrums but could soar as new drugs come on stream
FUND AND TRUST IDEAS
- JPMORGAN AMERICAN INVESTMENT TRUST: 'Trump or Clinton? We're more worried about interest rates'
- EVENLODE INCOME: How two Wise men turned £1m into £1bn in just seven years
- CHARTERIS GOLD & PRECIOUS METALS: Fund delivers a 12-month return of 179% as gold prices rise
- THREADNEEDLE UK PROPERTY: Fund re-opens after post-Brexit alarm subsides
- HERMES GLOBAL EMERGING MARKETS: Growth before location, that's the drill for emerging markets
- JUPITER ABSOLUTE RETURN: If a firm's in the soup we'll short it, says boss James Clunie
- MONKS INVESTMENT TRUST: 'I'm disappointed' says fund boss who made 29% profit in a year
- AURORA INVESTMENT TRUST: Will Aurora see a brighter dawn as Mars is left behind?
- INTERNATIONAL BIOTECHNOLOGY TRUST: Doctor, analyst... and grand master at the biotech 'slow game of chess'
- EDINBURGH DRAGON TRUST: Investment trust roars back with 40% gain in six months
- MITON CAUTIOUS MONTHLY INCOME: The fund's tortoise technique to win the race for dividends
- LAZARD WORLD TRUST: Manager Kun Deng always does his shopping in the discount aisle
- JP MORGAN CLAVERHOUSE: Fizzing mixer drinks maker Fever-Tree gives FTSE fund added sparkle
- ROYAL LONDON GLOBAL HIGH YIELD BOND: Children's favourite Peppa Pig helps to spice up 'boring' bond market
Latest: Mortgages & home
- What next for mortgage rates: Lenders continue to tinker around the edges but rates are probably about as low as they're likely to go
- Think you have cover for dry rot? We did - then our neighbour called and it ended up costing us £15,000
- UK house prices leap by £17k on average in just one year - and the East and South East of England see the biggest gains
- Home loans still mean a time-consuming paperwork nightmare, so how close can you get to a mortgage online?
- Asking prices up £2,623 in just one month to hit £309,122, but are you in a buyers' or sellers' market?
- Property prices suffer their biggest quarterly fall in five years - and are still below their pre-crisis peak in six regions
- Temptingly low two-year fixed mortgage rates may cost homeowners in the long run, broker warns
- Buyers return to property market for first time in seven months as supply crunch props up prices
- House prices holding steady since Brexit vote but property inflation is tipped to tail off in soft market
Latest from Saving & banking
- Hang on to your current account for the best returns as banks begin latest rate-cutting bloodbath
- NS&I Isa becomes a best buy rate at 1% as banks and building societies withdraw their best deals
- The 5% savings rate trick: Best high interest-paying current accounts to make your money work harder
- Less than a third of parents save regularly for their children as money is often too tight to do so
- RBS and NatWest customers yet again hit by debit card breakdown - just in time for the weekend
- Building society takes current accounts off shelf: Popular Norwich & Peterborough Classic Gold closed to new customers
- Lloyds plans to listen to background noise to create an 'audio footprint' when customers phone to help weed out fraudsters
- Looking for a better bank? This is Money's five of the best current accounts
- Tide of card scams and online attacks sends fraud losses soaring 25% to £400m in first half of 2016
- Banks betray current account switchers: Halifax, Lloyds and TSB follow Santander by slashing interest rates for millions
ANSWERS FROM THE Experts
- ASK TONY: Axa won't pay out for the family holiday we couldn't take after my husband found out he had cancer
- Email from the taxman is Gateway to disaster, finds TONY HETHERINGTON, as government refund proves a scam
- TONY HETHERINGTON: Npower and debt collectors are chasing me for my husband's bills even after he left
- Dublin, London, California... and a five-month journey to get £172 back from Western Union: TONY HETHERINGTON investigates
- Our landline stopped working so I can't contact my wife while I'm in hospital. Why won't TalkTalk fix it?
- My brother wants to force our elderly parents to tell him what's in their will - and change it if he's not happy. Can they keep it secret?
- ASK TONY: Lloyds has been sending my cash to enter a prize draw for years - but it's disappeared
- Extra Energy botched my switch and nine months later still won't send me a bill - blaming 'technical problems'
- Why did I have to pay tax on my £10,000 savings bond? TONY HETHERINGTON replies
- Bank accounts are closed by 'kangaroo courts' says TONY HETHERINGTON as another customer is evicted without explanation
Latest from Holidays
- Ryanair's latest wheeze: Now passengers must pay £6 to check-in more than four days before a flight
- The cheapest travel destinations revealed... and why where you fly from and what day you book can affect the cost of your holiday
- Holidaymakers get less than one euro to the pound at airport currency desks as sterling continues to suffer
- Travel insurance catch left widow with £2,500 bill after her husband died of altitude sickness on dream holiday in Peru
- How to get the best (and cheapest) travel insurance
- Holiday protection: How to get your cash back if an airline goes bust and leaves you high and dry
- Can you trust a firm that says it can get rid of your timeshare - for a price? These families did - and regretted it
- 'We should have saved on tax but process was too complex': Buying at duty free? A trip to the high street could be cheaper
- 'I paid £88 for quiet, comfort and a family meal in the airport lounge': Tricks to get a taste of first class travel - on an economy ticket
Currency | Rate | Buy now |
---|---|---|
Updated 19 Oct 2016. | ||
Euro | 1.0934 | Buy Now |
US Dollar | 1.2026 | Buy Now |
Australian Dollar | 1.5562 | Buy Now |
Canadian Dollar | 1.5733 | Buy Now |
Chinese Yuan | 7.9326 | Buy Now |
Croatian Kuna | 8.0874 | Buy Now |
Czech Koruna | 29.302 | Buy Now |
Danish Krone | 8.0607 | Buy Now |
Egyptian Pound | 9.4715 | Buy Now |
Hong Kong Dollar | 9.26 | Buy Now |
Hungarian Forint | 329.58 | Buy Now |
Icelandic Króna | 130.2 | Buy Now |
Israeli New Shekel | 4.4755 | Buy Now |
Japanese Yen | 124.35 | Buy Now |
Malaysian Ringgit | 6.2624 | Buy Now |
Mexican Peso | 22.05 | Buy Now |
New Turkish Lire | 3.6005 | Buy Now |
New Zealand Dollar | 1.6645 | Buy Now |
Norwegian Krone | 9.7244 | Buy Now |
Polish Zloty | 4.6512 | Buy Now |
Singapore Dollar | 1.6552 | Buy Now |
South African Rand | 16.606 | Buy Now |
Sterling | 1.0 | Buy Now |
Swedish Krona | 10.505 | Buy Now |
Swiss Franc | 1.1856 | Buy Now |
Thai Baht | 41.255 | Buy Now |
UAE Dirham | 4.3878 | Buy Now |
LATEST ON HOUSEHOLD Bills
- Households hit by a £240 power bill hike as GB Energy Supply increases gas and electricity by a third for winter
- 'We had no internet and no mobile signal for seven weeks': How to survive if you're waiting for broadband
- 'Mystery shopping didn't make me rich, but I got to see snow monkeys in Japan!' We hear YOUR revelations
- Big Six energy firms blocking cheap fuel deals for existing customers who pay up to £289 a year over the odds
- Phone users to save £48m a year as mobile giants agree to stop charging fees to unlock handsets
- Hydrotherapy for dogs and acupuncture for cats: Cost of insurance shoots up 9% to cover posh pet therapies
- Drivers beat sky-high car insurance by haggling down the price as premiums soar 14% to national average of £788
- Historic inflation calculator: how the value of money has changed since 1900
- Vodafone still worst for complaints as billing problems continue months after promise service would improve
- Energy challenger First Utility sees profits plunge 84% despite increasing customer numbers by a quarter
Latest from Cards & loans
- The best personal loan rates - and how to find the right one for you
- First Direct offers the first £50,000 personal loan as the battle for borrowers heats up
- Is Santander's new All-in-One card actually any good? We look at the Jack-of-all trades credit card
- Borrow interest-free for three-and-a-half years! The best balance transfer credit cards to help clear your debts
- Is it worth paying up to £364 to boost your credit score? Firm promises to give a glowing report to credit agencies if you pay up every month
- Loan repayments calculator
- Get more for your holiday money: The best debit and credit cards to beat overseas fees
- 'Charges by Vodafone destroyed my credit rating': All you need to know about your credit file before it's too late
- Play your cards right: The best credit cards for spending, holidays, rewards or clearing your debts
Latest from Investing
- FIDELITY EUROPEAN VALUES: Forget Brexit and invest in solid European big names
- MIDAS SHARE TIPS: Why cutting edge Spire Healthcare deserves a 'buy' treatment
- MIDAS SHARE TIPS UPDATE: After a year of paper losses, shares in gas group CNR now show a 28% gain
- JPMORGAN AMERICAN INVESTMENT TRUST: 'Trump or Clinton? We're more worried about interest rates'
- Marmitegate was just the beginning: Experts warn spat was 'thin edge of the wedge', so should investors stick with supermarkets and retail?
- TRADERS TIPS: Insiders say buy Unilever despite spat with Tesco and sell Hargreaves Lansdown
- SUNDAY NEWSPAPER SHARE TIPS: Spire, Asos and Shell
- Why the falling pound helped your shares soar: For every cent sterling has lost the FTSE has flown higher and higher
- Interactive Investor squares up to Hargreaves Lansdown as it buys TD Direct, to make it the UK's second biggest DIY investing platform
THE INVESTING SHOW
- Investing Show: We've bought US tech stars like Tesla because of how great they could really become, says Scottish Mortgage's Tom Slater
- Investing Show: Banks are suffering but they're good value in an expensive market, says Richard Buxton
- Investing Show: Should investors worry about the US election, banks and a 'hard Brexit'?
- Investing Show: Can investors make money by keeping it simple?
- Investing Show: Rate cuts are pointless but infrastructure is the next opportunity for investors
- Investing Show: The value investor who likes unloved bank and supermarket shares
- Investing Show: Best places to invest around the world to beat Brexit
- Investing Show: Where should you invest and what should you avoid after Brexit?
Latest: money and Cars
- Insurers warn that Government delay to whiplash compensation reforms is costing motorists nearly £3m a day
- Pump prices jump by 1.4% in biggest seven-day rise since 2011 as falling pound sends oil costs soaring
- Government vows to fight VW Group to compensate UK car owners affected by dieselgate scandal
- Where do all the low-mileage year-old 'nearly new' cars I've seen for sale come from?
- Mini goes electric: Hybrid version of the upcoming Countryman revealed as its first plug-in car
- Foreign collectors strike while the pound is weak to buy a bounty of British classic cars at auction - including 10 Jaguar E-Types
- Want to sell your car quickly? Read this expert's 10-step guide to creating the perfect for sale advert
- Car makers roll out 'first wave' of price rises as they face higher costs after pound's slump
- Almost a million UK licence holders haven't driven since passing their test - watch what happens when 'parked' motorists get back behind the wheel
- The 3.4m drivers in England and Wales who haven't disclosed a medical condition that could affect safety behind the wheel
Latest from Markets
- FTSE LIVE: Footsie stuck in the red as company earnings fail to impress and UK unemployment edges higher
- Soaring demand for bargain wedding dresses lifts Asos sales but profits fall as it settles trademark dispute
- Burberry sales rocket as tourists flock to its UK stores to take advantage of the cheap pound
- Bellway shrugs off Brexit blues: Housebuilder hikes dividend after record year
- DAILY BRIEFING: FCA to crack down on banks favouring large clients when helping firm list on the stock market
- MARKET REPORT: No hiring freeze as recruitment firm Hays shakes off Brexit worries claiming market 'may well have' already seen the worst
- US hedge fund HarbourVest is shock winner in the £1.1bn SVG Capital takeover saga
- Goldman bankers pocket £75,000 each for three months work as profits bounce back
- New Restaurant Group boss set to pocket up to £1m of shares under bonus scheme
- Tesco fights back against Aldi and Lidl: It won the Marmite war... now sales are rising
TOP CALCULATORS
- This is Money's calculators and tools All our calculators in one place. See how they could help you
- Historic inflation: how the value of money has changed The effects of inflation since 1900 and what past prices mean today
- True cost mortgage tool - rates AND fees Compare the cost of rival fixed and tracker rate mortgages
- Mortgage affordability: How much you can borrow Find out how much you can afford to borrow and the difference between repayment and interest-only
- Monthly or lump sum savings calculator How much a regular monthly savings scheme could make or a lump sum could be worth.